Baltic Trading (BALT) versus Capital Product Partners L.P. (CPLP) Critical Contrast
Baltic Trading (NASDAQ: BALT) and Capital Product Partners L.P. (NASDAQ:CPLP) are both industrials companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, valuation, risk, institutional ownership, profitabiliy, analyst recommendations and dividends.
Earnings & Valuation
This table compares Baltic Trading and Capital Product Partners L.P.’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Capital Product Partners L.P.||$245.00 million||1.81||$160.90 million||$0.30||11.97|
Capital Product Partners L.P. has higher revenue and earnings than Baltic Trading.
Insider and Institutional Ownership
18.7% of Capital Product Partners L.P. shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
This table compares Baltic Trading and Capital Product Partners L.P.’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Capital Product Partners L.P.||18.20%||4.95%||2.80%|
This is a summary of current ratings for Baltic Trading and Capital Product Partners L.P., as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Capital Product Partners L.P.||0||0||4||0||3.00|
Capital Product Partners L.P. has a consensus target price of $5.00, indicating a potential upside of 39.28%. Given Capital Product Partners L.P.’s higher possible upside, analysts clearly believe Capital Product Partners L.P. is more favorable than Baltic Trading.
Capital Product Partners L.P. pays an annual dividend of $0.32 per share and has a dividend yield of 8.9%. Baltic Trading does not pay a dividend. Capital Product Partners L.P. pays out 106.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Capital Product Partners L.P. beats Baltic Trading on 8 of the 9 factors compared between the two stocks.
About Baltic Trading
Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.
About Capital Product Partners L.P.
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier. The Company’s vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods. Its fleet consists of product tankers, such as Aktoras, Aiolos, Agisilaos, Akeraios and Apostolos; crude tankers, such as Amoureux, Aias, Amore Mio II and Miltiadis M II; drybulk vessels, such as Cape Agamemnon, and container carrier vessels, such as Archimidis, Agamemnon and Hyundai Platinum.
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